A multi-peril crop insurance product that provides a safety net for all commodities on the farm under one insurance policy.
Whole Farm Overview
Whole-Farm Revenue Protection (WFRP) is a multi-peril crop insurance product that provides a safety net for all commodities on the farm under one insurance policy, including specialty and organic crops, allowing for more crop diversity on the farm.
WFRP provides protection against loss of revenue that you expect to earn or will obtain from commodities you produce or purchase for resale during the insurance period.
WFRP is designed to meet the needs of highly diverse farms that are growing a wide range of commodities, and for farms selling commodities to wholesale markets. The WFRP policy was specifically developed for farms that tend to sell to direct, local or regional, and farm-identity preserved markets and grow specialty crops.
How Whole Farm Works
- WFRP provides protection against loss of revenue that you expect to earn or will obtain from commodities you produce.
- WFRP can be a stand-alone policy or purchased in conjunction with other buy-up level crop insurance policies (YP, RP, RP-HPE and CAT policies).
- Certain documents are required for WFRP. Examples include five consecutive years of Schedule F or other farm tax forms. Your FMH agent can advise which documents are needed for coverage eligibility.
Whole Farm Availability
What are the Benefits
DIVERSE COVERAGE
Meets the needs of highly diverse farms that are growing a wide range of commodities.
WHOLE FARM SUBSIDY
If two or more commodities significantly contribute to the operation, you will receive a whole-farm subsidy on your premium.
COVERAGE LEVELS
Coverage levels range from 50% - 85%, allowing diverse farms to get similar coverage to other buy-up policies.
REPLANT COVERAGE
Provides replant coverage, except Industrial Hemp and products covered by another federal crop insurance policy.
Micro
Farm Policy
Does your farm generate under $350,000 in approved revenue?
Micro Farm coverage was created for small-scale farms and protects against the loss of insured revenue due to unavoidable natural causes. With Micro Farm, your coverage is established using one value for all commodities on your operation. Ask your FMH agent to learn more.